First Development Resources plc has been granted an environmental (mining) licence, which allows drilling on the Selta project in the Northern Territory, Australia.
COMPELLING
The company will focus on the high priority Lander West gold target, located within the Stafford gold trend.
Operations will include targeted reverse circulation drilling for 40 reverse circulation drill holes, drill pads and sumps.
The programme will test the most prospective zones at Lander West and produce the targets’ first subsurface data.
First Development identified “several priority drill targets” along the Stafford gold trend, from earlier desktop studies and airborne and land survey results.
After completing preparations and engaging a contractor the company expects to begin drilling later this year.
“Following a disciplined and methodical exploration programme, we have developed a strong pipeline of priority drill targets,” said chief executive officer Tristan Pottas.
“We are now focused on executing an RC drilling campaign later this year to test these compelling gold opportunities along the Stafford gold trend, where ongoing exploration by other operators continues to deliver encouraging results.”
Selta is prospective for uranium, rare earth elements, lithium as well as base and precious metals.
First Development additionally holds copper-gold licences in Western Australia.
The company is a spin-out from Power Metal Resources plc which retains a 33.04% interest.